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Ambac Financial Group, Inc.

AMBC

2025 Q2

Financial Services

2mo

Sale of Legacy Financial Guaranty Business and Strategic Transformation

The Wisconsin OCI recommended approval of Ambac's sale of its Legacy financial guaranty business, with a hearing scheduled for September 3, 2025.
Final approval of the sale is the last condition before closing, which is expected to significantly reshape the company's business focus.
Post-sale, Ambac plans to implement strategic initiatives including rebranding, expense realignment, new executive compensation, and investments in data and AI to accelerate growth and profitability.
Management emphasized that these initiatives are aimed at completing the business transformation and positioning Ambac for strong growth into 2026.
Ambac aims to create material shareholder value through these strategic moves and expects to provide updated guidance after the sale concludes.

Ambac Financial Group, Inc.

AMBC

2025 Q2

Financial Services

2mo

Insurance Distribution Revenue Growth

148% increase to $33 million

Insurance distribution revenue increased by 148% compared to the second quarter of 2024, to $33 million.

MBIA Inc.

MBI

2025 Q2

Financial Services

2mo

Resolution of National's PREPA Exposure and Marketability of Claims

MBIA continues to prioritize resolving National's PREPA exposure, with the process involving the Title III Court addressing administrative expense claims.
The transfer of $374 million of claims to a custodian has been made to enhance marketability, making claims more attractive to potential buyers by converting them into securities with CUSIP numbers.
Management believes that increasing the marketability of claims could facilitate future sales and potentially reduce uncertainty, which is critical for maximizing shareholder value.

Braemar Hotels & Resorts Inc.

BHR

2025 Q2

Financial Services

2mo

Strategic Asset Sale of Marriott Seattle Waterfront for $145 Million

The company signed a definitive agreement to sell the 369-room Marriott Seattle Waterfront for $145 million, representing an 8.1% cap rate on trailing 12-month net operating income.
The sale aligns with the strategic objective to deleverage the portfolio and sharpen focus on the luxury hotel sector.
Closing is expected in the next few weeks, subject to customary conditions.

Amerant Bancorp Inc.

AMTB

2025 Q2

Financial Services

3mo

Strategic Shift in Mortgage Business Focus

Amerant is transitioning from a national mortgage originator to focusing solely on in-footprint mortgage lending to support retail and private banking customers.
The company is reducing its mortgage FTE count to under 20 and transferring loans into its core platform, with completion expected by early 4Q.

Heritage Financial Corporation

HFWA

2025 Q2

Financial Services

3mo

Strategic Balance Sheet Repositioning and Securities Loss Trade

Executed a $6.9 million pretax loss on the sale of $91.6 million securities as part of a strategic balance sheet repositioning.
Reinvested $56.4 million in securities and used remaining proceeds for higher-yielding loans.
Most securities sales occurred in June, indicating a tactical move to optimize the balance sheet.

Brighthouse Financial, Inc.

BHF

2025 Q2

Financial Services

2mo

Strategic Hedging Strategy Transition

Brighthouse is finalizing a transition to separate hedging strategies for in-force variable annuity and Shield books, expected to complete by the end of September 2025.
The new approach aims to improve transparency, reduce volatility, and better align with ESG considerations.
Revisions to hedges include managing VA and Shield businesses separately, which is expected to simplify risk management and potentially improve capital efficiency.

Globe Life Inc.

2025 Q2

Financial Services

3mo

Strategic Development of Bermuda Reinsurance Affiliate

Globe Life submitted a preliminary business plan to Bermuda Monetary Authority to establish a reinsurance affiliate in Bermuda.
The plan aims to reinsure a portion of new and in-force life insurance policies, with an initial reinsurance of a small block of reserves.
The company expects to cede approximately 25% of total statutory life reserves over time, including in-force and new business.
The first reinsurance transaction is targeted for the end of the year, with subsequent transactions possibly following.
The Bermuda entity is expected to enhance the company's economic capital framework, support growth, and improve earnings emergence.
Regulatory and rating agency discussions are ongoing, with formal licensing expected later in the year.

LPL Financial Holdings Inc.

LPLA

2025 Q2

Financial Services

2mo

Commonwealth Acquisition and Retention Strategy

The company expects to close the Commonwealth deal tomorrow, with a retention target of 90%.
Management emphasizes the cultural fit and the high adviser satisfaction ranking (12th consecutive #1 from J.D. Power).
Efforts to preserve Commonwealth's community, culture, and adviser experience are highlighted.
Advisers are exploring options like setting up their own RIAs, but the company supports maintaining adviser relationships within the existing platform.
The company has engaged advisers to reinforce the value of staying with LPL, citing operational and regulatory complexities of setting up independent RIAs.

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Sale of Legacy Financial Guaranty Business and Strategic Transformation

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